Cryptocurrency ETFs attract billions of USD, occupying 10 positions in the top 20 recently launched funds, with IBIT leading at 57.45 billion USD.
The exchange-traded fund (ETF) market is witnessing a revolution as cryptocurrency products emerge as dominant players in the newly launched fund segment. According to the latest data from Nate Geraci, President of Novadius Wealth Management and co-founder of the ETF Institute, over 1,300 ETF funds have been listed since the beginning of last year, with all 10 of the top 20 best-performing funds related to digital assets.
Leading this race is Ishares Bitcoin Trust ETF (IBIT) with an impressive inflow of 57.45 billion USD, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with 12.13 billion USD. This success reflects a strong shift in investment preferences, as institutions and individual investors increasingly seek channels to access Bitcoin and Ethereum through regulated products.
In the list of the top 10 cryptocurrency asset funds, 5 funds are spot Bitcoin ETFs, 2 funds are spot Ethereum ETFs, 2 funds are related to MicroStrategy (MSTR), and 1 fund is a leveraged Ethereum ETF. Ishares Ethereum Trust ETF (ETHA) ranks third with 9.59 billion USD, affirming the strong appeal of both major digital asset types in the market.
The leading cryptocurrency asset ETFs launched since last year. Source: Nate Geraci The prominence of digital asset products.
YieldMax MSTR Option Income Strategy ETF (MSTY) occupies the fourth position with an inflow of 7.21 billion USD, demonstrating the appeal of indirect investment strategies into Bitcoin through MicroStrategy stock. This business analytics software company has become a symbol of adopting Bitcoin as a corporate treasury reserve asset.
Other cryptocurrency asset funds also saw significant capital inflows, including ARK 21Shares Bitcoin ETF (ARKB) with 2.38 billion USD, Bitwise Bitcoin ETF Trust (BITB) with 2.32 billion USD, and Fidelity Ethereum Fund ETF (FETH) with 2.23 billion USD. Even smaller products like Grayscale Bitcoin Mini Trust ETF (BTC) and 2x Ether ETF (ETHU) attracted 1.66 billion USD and 1.64 billion USD, respectively.
This dominance of cryptocurrency products creates a stark contrast with traditional ETFs focused on bonds and stocks. Although funds like Schwab Mortgage-Backed Securities ETF and JPMorgan Mortgage-Backed Securities ETF still appear in the rankings, they cannot match the explosive growth of the digital asset segment.
These figures not only reflect the increasing demand from both institutional and retail investors but also affirm the trend of mainstreaming cryptocurrency assets within the traditional financial system.
The ability of ETFs to provide access to Bitcoin and Ethereum without the need for self-custody of assets, while leveraging existing market infrastructure, is creating an important bridge between the traditional financial world and the digital economy.
